Stocks making the biggest moves premarket: Home Depot, Tesla, Fabrinet, Duolingo & more

Check out the companies making headlines before the bell: Home Depot — Shares gained 1.5% after the home improvement retailer posted fiscal second-quarter results that beat expectations on the top and bottom lines , and reaffirmed its full fiscal year guidance. Adjusted earnings of $4.92 per share topped the $4.73 expected by analysts polled by LSEG. Revenue of $47.86 billion exceeded the forecast $47.27 billion. Tesla — Shares dipped 1.2%. The Information reported that the electric vehicle maker is preparing for an August launch of its Cybercab , a robotaxi without a steering wheel. Fabrinet — The optical product manufacturer dropped more than 9% fourth-quarter earnings and revenue exceeded expectations, and it issued rosy guidance. Fabrinet said usual Q1 expense seasonality is expected to create a temporary margin headwind in fiscal Q1 2027, StreetAccount said. Memory stocks — Memory chip makers were down as a group in premarket trading, with Micron Technology and SK Hynix off by more than 4%, each. Shares of Sandisk were also down more than 4%. Duolingo — The language learning platform rose 3% after D.A. Davidson upgraded Duolingo to buy from neutral. “While we think the market has historically priced the risks related to [daily active users] deceleration and monetization issues effectively, Duolingo is nearing a turning point,” the firm said. — With reporting by CNBC’s Fred Imbert